Tsunami: The economic impact for Thailand

February 2005
Asia Monitor: South East Asia Monitor Volume 1;Feb2005, Vol. 16 Issue 2, p1
Country Report
Country Report
This article informs that the economic effects of the Boxing Day tsunami are likely to be small. Considering the size of the disaster, the economic impact of the Asian tsunami that hit Thailand on December 26, 2004, is likely to be surprisingly small. Despite the terrible human cost, an estimated 6,000 people are thought to have lost their lives in Thailand alone, the Thai economy should recover rapidly from the disaster, although it will take longer for those resorts that were hardest hit to fully recover. Indeed, this expectation of a rapid recovery explains why Asian stock markets did not change much after news of the tsunami, with Thailand's main stock index declining only slightly.


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